Knowledge capital, innovation, and growth in China

Belton Fleisher (), William H. McGuire, Adam Nicholas Smith and Mi Zhou

Journal of Asian Economics, 2015, vol. 39, issue C, 31-42

Abstract: We study the relationship between industry-level investments in intangible knowledge capital (KC) and three key economic indicators in China. We find evidence consistent with the hypothesis that investments in KC are productivity-enhancing among domestically owned and foreign invested enterprises (FIEs). Consistent with other research, we find that China's KC generates new patents, but fewer than in major industrialized economies. Finally, we find that China's comparative advantage has shifted toward those sectors where domestic firms have made larger investments in KC, but this trend appears to be independent of the KC accumulated by FIEs.

Keywords: Knowledge capital; Technology; Economic growth; Intellectual property; China (search for similar items in EconPapers)
JEL-codes: O31 O33 O34 O43 P33 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:39:y:2015:i:c:p:31-42

DOI: 10.1016/j.asieco.2015.05.002

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